16 Hrs
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بوابة الفجر
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Govt clears Suez Canal debt issue
The Egyptian government has settled the debate over the fate of the Suez Canal, affirming that it is not subject to sale, mortgage, or exchange in exchange for debts. This came after old statements from 2024 circulated, which raised concerns about the canal's losses reaching approximately $500 million per month at that time and linked them to proposals to sell off assets. The Media Center of the Council of Ministers clarified that these statements were taken out of context and that the government has not studied or approved any plan to exchange the Suez Canal in exchange for debt settlement. It emphasized that the canal is a strategic facility, representing national security, and must remain untouched. The government also called for caution regarding rumors and urged reliance on official sources for accurate information.
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